问题如下：
A US institutional investor in search of yield decides to buy Italian government bonds for her portfolio but wants to hedge against the risk of exchange rate fluctuations. She enters a cross-currency basis swap, with the same payment dates as the bonds, where at inception she delivers US dollars in exchange for euros for use in purchasing the Italian bonds.
Assume demand for US dollars is strong relative to demand for euros, so there is a positive basis for “lending” US dollars. By hedging the position in Italian government bonds with the currency basis swap, the US investor will most likely increase the periodic net interest payments received from the swap counterparty in:
选项：
A.euros only.
US dollars only.
both euros and US dollars.
解释：
B is correct.
By hedging the position in Italian government bonds with the cross-currency basis swap, the US investor will most likely increase the periodic net interest she receives in US dollars. The reason is that the periodic net interest payments made by the swap counterparty to the investor will include the positive basis resulting from the relatively strong demand for US dollars versus euros.
不是很理解这个题目的问题：the US investor will most likely increase the periodic net interest payments received from the swap counterparty in:
the swap counterparty，不是指合约对手为什么的时候，可以得到net payments received么？
我理解是us investors deliver us dollar的时候，是收美元利息付欧元的，这时候会有一个net payments received，此时的counterparty不是euro吗？
